Brighton to London line re-opened after derailed train, and commuters offered compensation – but delays still expected April 16, 2015 Nearly 24 hours after a train derailed in Brighton, services between London and the coastal city have restarted – but there are still delays expected this afternoon. Commuters heading home from London Bridge and Victoria faced widespread disruption yesterday evening as there were no trains between the two cities throughout the night and into this [...]
General Election 2015: The battle for South Thanet is hotting up as Nigel Farage calls on Ukip supporters to help fight Tories April 16, 2015 Things are hotting up in South Thanet, the seat Nigel Farage is hoping will be his come May 7. By now, the Ukip leader may well have expected to be storming ahead in the polls considering the huge publicity he has generated. But yesterday it emerged that he was likely to come in third, with the [...]
General Election 2015: Ukip’s immigration policy will create “a shrinking and ageing” population, claims leading economist April 16, 2015 Ukip's stance on immigration has come under fire by a leading economist and expert on the issue, who claims there is no evidence to support the argument that they overburden public resources. Michael Ben-Gad, a professor at City University in London and author of a Treasury-funded report on immigration and fiscal policy, claimed the so-called [...]
Morrisons share price falls as new boss David Potts cuts jobs at head office to hire 5,000 shop floor staff April 16, 2015 Morrisons is cutting hundreds of roles in its head office while simultaneously going on a hiring spree for its shop floor. The troubled supermarket, which last month revealed full year losses of £176m and brought in a new chief executive after Dalton Phillips left under a cloud, is expecting to make 720 head office roles [...]
General Election 2015: Nick Clegg blasts “Blukip” coalition as Lib Dems reveal 20 danger zone seats April 16, 2015 A coalition between the Tories, Ukip and the DUP might sound good to some British voters, but Nick Clegg has today coined the term “Blukip” to describe what he sees a nightmarish dystopian future. The Liberal Democrat leader – who polls suggest could lose his seat in Sheffield Hallam – is warning that a minority [...]
Productivity gap solved? British businesses lose £250m through distracting office behaviours April 16, 2015 Could this be the answer to the riddle of the UK's productivity gap? We've all been there: a colleague talks loudly and you lose your train of thought. You go to make a cup of tea and find you're making a round for the entire bank of desks. Someone is typing really loudly and you [...]
BNY Mellon fined £126m for “particularly serious” failings April 15, 2015 The Bank of New York Mellon has been fined £126m by the FCA for failing to protect client money should the company become insolvent. The FCA said both the London and international arms of BNY Mellon had failed to comply with its client assets sourcebook, which applies to safe custody assets and client money. [...]
IMF: “Complex forces” drive mature market growth, dampen emerging markets in 2015-2016 April 14, 2015 There are “complex forces” across the world that could lead to “uneven” growth over the next year, the IMF has warned. Overall global growth is forecast at 3.5 per cent in 2015 and 3.8 per cent in 2016 – but beneath these top line figures there will be a huge variety. The two biggest [...]
Mike Ashley’s Mash Holdings doubles profits after “gift” transfer of Sports Direct shares to Mash Beta April 14, 2015 Mike Ashley doubled his profits last year through his holding company through which he holds his stakes in Newcastle United and Sports Direct. Mash Holdings' profit before tax soared 111 per cent to £542.7m for the year to April 30 2014, up from £256.4m in 2012/2013. It included the profit raised from Ashley's move [...]
Hargreaves Lansdown share price falls as co-founder Peter Hargreaves leaves board after 34 years April 14, 2015 Hargreaves Lansdown's share price dropped 4.4 per cent this afternoon as it revealed co-founder Peter Hargreaves was stepping down from the board of the company that bears his name. Hargreaves, who along with Stephen Lansdown set the Bristol business up in 1981, is stepping down from the Hargreaves Lansdown board with immediate effect. He [...]
